01927cas a2200313 a 4500 AALejournalIMF009010 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451847574 1018-5941 BD-DhAAL BD-DhAAL Odling-Smee, John. The Economic Reform Process in Russia / John Odling-Smee, Henri Lorie. Washington, D.C. : International Monetary Fund, 1993. 1 online resource (10 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Although various factors point to a more arduous and longer transition in Russia than in Eastern Europe, the broad policy approach should be similar. A necessary condition for effective macroeconomic stabilization is the imposition of hard budget constraints on enterprises. Financial assistance from the Government and the central bank to enterprises must be strictly controlled to ensure compatibility with both inflation objectives and the creation of incentives for reform. While Russia needs external financial assistance, it must be willing and able to pursue economic policies that ensure that the assistance has the desired effects, especially macroeconomic stability and systemic reform. Mode of access: Internet Government imf Liberalization imf Market Economy imf WP imf Russian Federation imf Lorie, Henri. IMF Working Papers; Working Paper ; No. 1993/055 Full text available on IMF http://elibrary.imf.org/view/journals/001/1993/055/001.1993.issue-055-en.xml IMF e-Library